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2020-2021 Budget

Board Workshop | May 2020

Barbara Wills, Ph.D. Vice President, Administrative Services & Chief Business Officer Student FTE

12000 10946.5 10270.8 9771.3 10000 9348.7 9126.6 9200.2 9105 9081

8000

6000

4000

2000

0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Student FTE College Revenue

40000000

35000000

30000000

25000000

20000000

15000000 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Tuition & Fees State Appropriation FCS Tuition 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 College of Central 82.78 Florida State College at Jacksonville 82.78 Florida Keys Community College 82.78 Dade College 82.78 82.78 Northwest Florida State College 82.77 82.66 82.00 Florida SouthWestern State College 81.21 Indian River State College 81.21 Lake-Sumter State College 81.20 St. Petersburg College 80.94 Hillsborough Community College 80.45 Seminole State College of Florida 79.78 79.22 79.20 State College 79.18 78.94 78.84 Eastern Florida State College 78.84 State College of Florida, Manatee-Sarasota 78.84 St. Johns River State College 78.84 77.98 76.92 Tallahassee Community College 76.80 Pasco-Hernando State College 76.57 Community College* 76.00 * 72.92

Source: Florida Department of Education, System Budget Office . Cost of Instruction as Percent of Total Operating Budget INDIAN RIVER 50.3% VALENCIA 48.9% GULF COAST 48.6% TALLAHASSEE 48.2% EASTERN 47.8% POLK 46.5% SANTA FE 46.5% HILLSBOROUGH 45.6% SEMINOLE 45.4% DAYTONA 45.0% BROWARD 44.3% SAINT PETERSBURG 44.1% PALM BEACH 43.7% SCF, MANATEE-SARASOTA 43.2% SOUTHWESTERN 43.2% CENTRAL FLORIDA 42.4% CHIPOLA 42.0% PENSACOLA 41.9% MIAMI DADE 40.7% SAINT JOHNS RIVER 40.3% FSC, JACKSONVILLE 40.0% FLORIDA KEYS 40.0% NORTHWEST FLORIDA 37.9% GATEWAY 37.6% PASCO-HERNANDO 36.1% SOUTH FLORIDA 35.9% LAKE-SUMTER 34.8% NORTH FLORIDA 29.7%

Source: Florida Department of Education, Budget Office . TCC Strategic Planning & Budget Alignment

• Moving from Data to Decisions • High Impact Practices • Budget Requests Challenges TCC HISTORICAL BUDGET ANALYSIS 3.1% 2.8% 6.8% 5% 79% 3.3% Fund 3 Accounts

Fund Balances for the Primary Aux Accounts Supporting Operational Budget 6,000,000

5,000,000

4,000,000

3,000,000

2,000,000

1,000,000

0 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 FY17-18 FY 18-19 Main Auxiliary Bookstore Food Service Fund Balance

Fiscal Year Ending Fund Balance Percent of Total Available Budget

2013-14 $7,150,943 9%

2014-15* $10,093,472 13%

2015-16 $9,556,715 13%

2016-17 $12,618,111 17%

2017-18 $14,171,282 19%

2018-19 $6,966,014 9%

2019-20 YE Estimate $7,000,000 9% Insurance Costs

$7,000,000

$6,000,000

$5,000,000

$4,000,000

$3,000,000

$2,000,000

$1,000,000

$- 2012 2013 2014 2015 2016 2017 2018 2019

Employee Paid Single Employee Paid Family Employer Paid Florida Retirement System Contributions

$4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$- 2012 2013 2014 2015 2016 2017 2018 2019 Employee Contribution Employer on behalf of Employee Public Education Capital Outlay

2014-15 $449,623 2015-16 $599,347 2016-17 $1,170,414 2017-18 $1,254,774 2018-19 $1,155,218 2019-20 $0 2020-21 $0 Capital Improvement Plan

• CUP Infrastructure $9 million • BIT Classrooms to Labs $10 million • Science & Math Labs $8 million • BAS Building Renovations $3 million • Campus-wide Maintenance $2 million • Turner Auditorium $6 million • CFI 2nd Floor $2 million • Roof Repairs $1.4 million FY19 Financial Successes

• Purchasing Card Rebate $38,345 • Cost Center Alignment and Budget Check Fund 1 Future funds work in progress • Interest Bearing Operational Account $333,273 • Leased Space Revenue $405,000 • Indirect Costs from Contracts and Grants $850,000 • 6,500 invoices/year and 85% paid within 30 days of invoice date Utilities Water Usage College Revenue FY21 General Appropriation $29,039,963 Restricted to Nursing ($650,000) Restricted to Leon Works ($100,000) Lottery $4,811,587 2+2 Student Success Incentive $802,115 Student Success Workforce Incentive $185,231 Tier-Based funding $207,098 Adults with Disabilities $25,000 Tuition & Fees $24,638,626 Other Revenue $1,780,000

Federal Support $490,000

Fund Balance Transfer $1,383,431 TOTAL ALL REVENUE $62,613,051 College Operating Budget

Personnel $ 49,363,051.00 Operating $ 13,000,000.00 Capital Outlay $ 250,000.00 TOTAL $ 62,613,051.00 -10% $ 56,351,746.00 Budget Uncertainty

At 10% • Reduce travel budget • Reduce OPS budget • Hold or Eliminate Vacant Positions • Consolidate positions and Departmental Reorganizations • Adjust instructional budgets to align with change in enrollment • Reduce operating budgets

If deeper reductions become necessary may consider furloughs. Will not consider layoffs. TCC Priorities

The College of • Implement Workday student Choice for • Continue classroom improvements Students: in partnership with the Foundation • Continue responsible CARES student financial grant awards • Continue direct assistance for students to learn remotely TCC Priorities

The College of • Provide safe working environment Choice for • Strategically fund personnel Employees: decisions • Strategize against rising insurance costs and FRS costs • Retain people • Support remote working TCC Priorities

The College of • Provide service to the residents of Choice for Gadsden and Wakulla Counties • Maintain support for the Center for Partners: Innovation and the Institute for Non-Profit Innovation and Excellence • Continue to collaborate with University Partners • Be an engaged community partner CARES 2020 Student Award At least $3,881,792 for Financial grants to Students eligible under USDE HEA Rules

Institutional Award Up to $3,881,792 for institutional need and additional grants to students

Strengthening Institutions Program (SIP) $380,638

Student CARES Act Webpage